In Board Meeting of Casino Ltd., it was decided to raise ₹10 crore by issuing 200000 shares through a book building process. As the Company Secretary advise the Board on the following: (a) What would be the allocation pa

a) Regulation 32 (1) and 129 (2) of SEBI (ICDR) Regulations, 2018 provides that in a book-built offer, where the issuer fulfils the eligibility criteria regarding net tangible assets, average operating profit, net worth etc, the allocation pattern of the net offer shall be as follows: Not less than 35% to retail individual investors Not less than 15% to non-institutional investors Not more than 50% to QIBs of which 5% shall be reserved for mutual funds. However, the unsubscribed portion in category 1 & 2 above may be allocated to applicants in any other category. Further in addition to 5% allocation available in terms of 3 above, mutual funds shall be eligible for allocation under the balance available for QIBs. b) In case the criteria are not fulfilled As per the above regulations if the company does not meet the eligibility criteria, the allocation pattern shall be as follows: Not more than 10% to the retail individual investors Not more than 15% to non-institutional investors Not less than 75% to the QIBs of which 5% shall be reserved for MFs. However, the unsubscribed portion in either of the categories specified in i) & ii) above may be allocated to applicants in the other category. Further in addition to 5% allocation available in terms of clause iii) above mutual funds shall be eligible for allocation under the balance available for QIBs.